Markets
NANAIMO, B.C. (Reuters) — Canadian Prime Minister Justin Trudeau took a tough line on the North American Free Trade Agreement on Feb. 2, repeating that he could walk away if he was not happy with talks to change the pact. “The negotiations are complex and challenging … I’ve said many times, we are not going […] Read more
Markets
Trudeau talks tough on NAFTA
Commodities, canola hold on
Canola held on to most of the gains made earlier in the week, riding the tails of the bigger commodities, especially soybeans. But, a rising Loonie took some rungs off the ladder at the end of today’s trading. Wheat was not so lucky, as its rise was punched down with some profit-taking removing some dough […] Read more
Simplot orders more fries in Manitoba
Note: This story was updated 3:00 CST Feb. 14/18 Today is St. Valentine’s Day, not St. Patrick’s Day. Nonetheless, Manitoba’s potato growers may have been blessed with the Luck O’ The Irish because demand for potatoes may soon explode in the province. This morning, J.R. Simplot announced it will spend $460 million to expand its […] Read more
Bunge selling sugar operations; focus on grains, agribusiness
CHICAGO (Reuters) – Bunge Ltd. said on Wednesday it is in the process of exiting the global sugar trading business in order to concentrate on its core grains and agriculture operations, after reporting a fourth-quarter loss. White Plains, N.Y.-based Bunge has previously said it was looking at options to divest from its sugar unit, which […] Read more
Canola mixed at close
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed at Tuesday’s close, backing away from earlier gains in the final minutes of trade. Gains in Chicago Board of Trade soybeans and soymeal futures provided spillover support for most of the day. Declining production prospects out of Argentina were especially supportive for CBOT […] Read more
Western Canadian winter wheat crop conditions no cause for alarm
WINNIPEG (CNS) – While it has been a cold winter with little snow cover there is still hope for the Canadian Prairies’ winter wheat crop as soil temperatures haven’t hit danger levels yet. “I checked the soil temperatures this morning across the Prairies and most of the soils are about -10 C and winter […] Read more
Canada to face U.S. trade problems even if NAFTA is signed -Ottawa
OTTAWA (Reuters) – Trade challenges from U.S. firms will continue to cause turbulence for Canada even if talks to modernize NAFTA are successful, a senior Canadian government official said on Tuesday. Canada sends 75 percent of its goods exports to the United States and is vulnerable to what Ottawa complains is increasing U.S. protectionism […] Read more
Canola hits two-month highs
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts posted solid gains on Monday, taking some direction from a rally in Chicago Board of Trade soybeans. South American weather concerns provided the catalyst for the gains in beans, which spilled into the canola market. Chart-based buying contributed to the strength in canola with some stops […] Read more
Canola dips with soyoil
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex finished lower on Friday, tracking losses in U.S. soyoil. Fund selling was also a feature of the day. “It felt like we want to higher but there has been all this outside market carnage,” said a trader in Winnipeg. “The equities were getting pounded this […] Read more
German coalition pact seeks ban on glyphosate
BERLIN (Reuters) – German Chancellor Angela Merkel’s conservatives and the centre-left Social Democrats (SPD) reached agreement on Wednesday on the policy platform for a coalition government, but the SPD’s roughly 464,000 members still have a chance to veto the deal. Following is a summary of the main policies agreed: FARMING * Systematically […] Read more
